Added 3 weeks ago
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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Restaurant
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Zoning: Retail
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Age: No Data
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Taxes: 6793.91
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MLS®#: N9768476
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Added: Oct 30, 2024 (3 weeks ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: RIGHT AT HOME REALTY
Discover the dynamic "Lamasu Lounge and Grill," a fully licensed and equipped restaurant strategically situated in a bustling plaza at a high-traffic intersection near Highway 7. This prime location is surrounded by a blend of commercial and residential areas, including several factories that contribute to a steady stream of customers. With ample parking and significant foot traffic, the restaurant is perfectly positioned to capitalize on the growing demand for dining options in the vicinity. Recently renovated, the restaurant offers a turnkey operation with a proven track record of steady sales growth and exciting potential for further expansion. As new condo developments are planned for the area, an influx of residents will further enhance the customer base, making this an opportune time for investment. Currently thriving as a lounge and grill, the versatile space can be adapted for various culinary concepts, subject to existing exclusivities. The restaurant comes with a transferable liquor license, accommodating up to 28 patrons, making it ideal for breakfast, lunch, dinner, private parties, and catering events. Lease terms are favorable at approximately $3,790.84 per month, inclusive of TMI and HST, and extend until 2027, with all agreements contingent upon landlord consent and approval. All chattels and equipment are included, with a detailed inventory available upon acceptance of an offer. This business presents a fantastic opportunity for families and newcomers eager to step into a thriving restaurant environment with solid growth potential. Don't let this exceptional opportunity pass you by. Seize the chance to make your mark in the culinary scene today!
Extras
All chairs and tables, three TVs, a surveillance system with cameras, a POS unit, and all lighting and fixtures, Glassware and more.
Property
Status: Sale
Type: Restaurant
Property Type: Sale Of Business
Property Type: Without Property
Area: Vaughan
Community: Pine Valley Business Park
Availability Date: TBD
Inside
Air Conditioning: Y
Building
Basement: N
Heat Type: Gas Forced Air Closd
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2023
Taxes: $6,794
Taxes Type: T.M.I.
Land
Cross Street: Hwy 7 & Pine Valley
Municipality District: Vaughan
Zoning: Retail
Commercial Specific
Number of Employees: 3
Retail Area: 1500
Retail Area Metric: Sq Ft
Total Area: 1500
Total Area Metric: Sq Ft
Hours Open: 12-11
Days Open: 7
Franchise: N
Tangible Property Included: Y
Lot Code: Unit
Seats: 28
Financial Statement: N
LLBO: Y
St John Bosco Catholic Elementary School
Elementary: CatholicSt Catherine of Siena Catholic Elementary School
Elementary: CatholicSt Gabriel the Archangel Catholic Elementary School
Elementary: CatholicPine Grove Public School
Elementary: PublicBlue Willow Public School
Elementary: PublicImmaculate Conception Catholic Elementary School
Elementary: CatholicSt Luke Catholic Learning Centre
Secondary: CatholicWoodbridge College
Secondary: PublicHoly Cross Catholic Academy High School
Secondary: CatholicNorth Albion Collegiate Institute
Secondary: PublicFather Bressani Catholic High School
Secondary: CatholicEmily Carr Secondary School
Secondary: Public
